Supermarket Income REIT raises £300m

£150m AUM plus additional pipeline assets

clock • 1 min read

Supermarket Income REIT has raised £300m through the issuance of new shares, and a further £6.7m as the results of a PrimaryBid offer.

According to the trust, having previously intended to raise £175m, following strong investor demand and adviser confidence in acquiring assets, as well as favourable market opportunities, it raised proceeds of £306.7m in total. 247,933,884 new ordinary shares will be issued, as well as 5,558,276 as part of the PrimaryBid offer. Supermarket Income REIT looks to raise £175m The shares will be admitted to the premium listing of the London Stock Exchange (LSE) segment for closed-ended investment funds, effective 29 April. Supermarket Income REIT chairman, Nick Hewson, said: "We have...

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